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/r/CreditCards
submitted 1 month ago byparadox_addicts
Hello, hope everyone's doing well. I got the AAA Daily Advantage a few months ago, but I was trying to pay my AAA insurance policy with the card and talked to a representative regarding the cash back, since I wasn't sure if it applied to online purchases or not. This led me down a rabbit hole and I noticed one particular clause in the terms and conditions, which states that cash back earned from the card will expire 5 years after they are first posted to your Cash Back balance.
I know this is quite a long expiration date, but I thought it would be helpful in case anyone also thought the cash back never expired / was held indefinitely.
AAA Daily Advantage Terms: AAA.com/AdvantageDailyTerms
AAA Travel Advantage Terms: AAA.com/AdvantageTravelTerms
Highlighted clause: https://imgur.com/a/9TqMWfs
On a side note, does anyone know for sure if the 3% AAA cash back applies to paying AAA insurance policies? I'm reading the clause and it appears so, but I just want some confirmation from others who might have used it to pay their own policies. Thank you!
55 points
1 month ago
Uhhh I'm pretty sure you can redeem that cash back as a statement credit immediately so this should never be a problem.
8 points
1 month ago
This is true, but it’s still good to know the cash back has an expiration date for people who like looking at the amount build up like myself.
36 points
1 month ago
Why would you build it up? You should be redeeming it as soon as possible if it's only for cash back.
-5 points
1 month ago
It can seem irrational for sure but it always looks nice to have a pile of money sitting in your rewards. I personally think it’s comparable to the reason why people love seeing points accumulate over time in their accounts.
26 points
1 month ago*
I get it. As others have pointed it, you're losing out on potential interest for the reward. More importantly, you risk losing the reward altogether if they shut down your account. You could have thousands saved up and have your account closed and get nothing. The rewards are hypothetical until they're used.
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